Justin Sun
Justin Sun, the founder of TRON and CEO of BitTorrent, believes that his company’s USDD stablecoin is taking stablecoins to ‘the next level.’ In an interview with Cointelegraph, Sun said that USDD is the first step in TRON’s plans to create a ‘decentralized ecosystem‘ for stablecoins. He also believes that USDD will have a ‘tremendous impact on the cryptocurrency industry as a whole. While Justin Sun may be biased, he does make some valid points about USDD and how it could potentially revolutionize the stablecoin industry.
Who is Justin Sun?
Justin Sun is the founder of TRON and CEO of BitTorrent. He is a young entrepreneur who is always looking for new opportunities. Sun went to Peking University for college, where he studied history. While at school, he became interested in economics and finance. After graduation, he worked as an intern at Goldman Sachs and later as an analyst at Merrill Lynch.
In 2009, Sun founded Yiming Media, a live-streaming platform similar to YouTube. The company eventually evolved into TRON Foundation, which focuses on blockchain technology and decentralized applications.
What is Tron?
The Tron Protocol, one of the largest blockchain protocols in the world, offers scalability, high availability, and high throughput computing (HTC) support that underlies all the decentralized applications (DApps) in the Tron ecosystem.
With Tron, users can create, store, and own data with complete autonomy. The protocol lets users monetize their content and applications by deploying smart contracts. Tron’s native token, TRX, is used to pay for transactions on the network.
The Justin Sun-led startup has been making headlines lately with its aggressive marketing campaigns and partnerships. Recently, Sun announced that Tron’s USDT-TRON stablecoin is now live on the Ethereum network. This move is a way to increase the adoption of the TRX token and expand the reach of the Tron protocol.